MANILA -- The Bureau of Treasury (BTr) has awarded in full both the 91-day and 182-day Treasury bills (T-bills), while awarding only partially the 364-day T-bills on Tuesday's auction.
The 91-day T-bills offered at PHP5 billion fetched an average rate of 3.451 percent.
The debt paper was thrice oversubscribed with tenders reaching PHP15.09 billion.
Likewise, the 182-day T-bills amounting to PHP4 billion had an average rate of 3.934 percent during the auction.
It was twice oversubscribed with bids amounting to PHP10.5 billion.
Both the 91-day and 182-day T-bills were re-issued debt papers, with original issuance date of August 16, 2017 and November 17, 2017, respectively.
Meanwhile, the auction committee partially awarded the PHP6-billion 364-day T-bill, after bids only amounted to PHP3.15 billion.
The BTr only awarded PHP2.24 billion of the longer term debt paper, which fetched an average rate of 4.226 percent. (PNA)
